On March 21, 2023, Zhuhai High-tech Construction Investment Co., Ltd. successfully issued the first AA+ corporate bond for technological innovation incubation in China, with an issuance scale of RMB 500 million, a maturity period of 3+2 years, and a coupon rate of 3.6%, setting a new low coupon rate of the same grade, maturity and variety of bonds in China since 2023. As the issuer of the first bookkeeping AA+ corporate bond for technological innovation incubation in China, Zhuhai High-tech Construction Investment meets the criteria of the issuer of the "technological innovation incubation category."

On April 19, 2022, Zhuhai Da Heng Qin Company Limited issued the first tranche of high-quality corporate bonds of 2022: Type 1 Bond is of a scale of RMB 700 million with a term of five years and the coupon rate of 3.57%, which was 103 basis points lower than the quoted loan prime rate (LPR) for loans with a term of more than 5 years in the same period, and about 5 basis points lower than the valuation of the existing bonds of the Company with the same maturity; Type 2 Bond has a scale of RMB 300 million, with a term of 10 years and the coupon rate of 4.28%, which was 32 basis points lower than the quoted LPR for loans with a term of over 5 years in the same period - it is the first long-term credit bond (option-free) with a term of 10 years in Zhuhai.

In February 2022, Zhuhai Communications Group Co., Ltd. issued RMB 600 million worth of ultra-short-term financing bonds (2022 Tranche II) with a term of 242 days and a credit rating of AA+, which was highly recognized by investors.

On January 6, 2022, China National Petroleum Corporation (CNPC) announced the bidding result for its first-class external law firms(2022-2024). DeHeng won the bid for the comprehensive service package in Beijing, and specialist service package in the areas of labor law, resources and environment, competition law and anti-monopoly law.

On December 22, 2021, Zhuhai's first commercial mortgage-backed securities (CMBS) of Zhuhai Center Tower, the poster asset of Guangdong-Macao In-Depth Cooperation Zone, or the Huajin-Huafa St. Regis Zhuhai Hotel Asset-backed Scheme, was issued on Shanghai Stock Exchange in the form of book building. The original equity holder was Zhuhai Huafa Group Co., Ltd. and the scheme manager was Huajin Securities Co., Ltd.

DeHeng is glad to announce that we are once again successfully selected into the law firm database of the Ministry of Commerce of China (MOFCOM) as outside lawyer according to the list of bid winners released by MOFCOM on November 11, 2021. DeHeng won for the third time the bid for "The International Trade and Investment Disputes Category – Legal Affairs regarding International Investment (Domestic)" and for the fourth time "The Trade Remedy and Trade Barrier Response Category – Trade Barrier and Response to Section 337 Actions."